With the third-highest workers’ compensation rates in the country, members of the Senate Majority Conference called for the New York budget to include workers’ comp reforms to reduce costs while still protecting businesses. Senators George Amedore, John DeFrancisco, and Fred Akshar were joined by business groups and other prominent community members advocating for workers’ comp reform to be an integral part of this year’s budget.
“When we talk about making New York more affordable, workers’ comp reform needs to be part of the conversation,” said Senator George Amedore in a press release. “We pay the third highest rates in the nation, and costs continue to skyrocket each year. We have advanced several proposals in our one-house budget resolution that would achieve significant savings and at the same time ensure fairness and protections to injured workers.”
The Senate Majority’s proposed reforms are targeted at making it more affordable for businesses in New York. Specific proposals include updates to duration caps and schedule loss of use awards and changes to reduce frictional costs, streamline forms, improve independent medical examinations, and require implementation of a prescription drug formulary by the end of 2017.
NFIB supports reforming workers’ comp and reducing costs for small businesses.
“Small businesses in New York have long been critical of the dramatic increase in workers’ compensation costs,” said NFIB New York State Director Mike Durant. “Implementing meaningful reform will modernize our compensation system, boost our economy, and continue to rightfully compensate injured workers. We applaud the Senate Majority for making workers’ compensation reform a budget priority and strongly encourage lawmakers in both houses to join this effort.”